ASUR Closes $992 Million Acquisition of 20 Airports in Latin America and the Caribbean

Cancun, Mexico — Grupo Aeroportuario del Sureste (ASUR), the Mexican operator of Cancun International Airport, has closed its $992.2 million acquisition of 20 airports in Brazil, Ecuador, Costa Rica and Curacao.

The company said in a filing to the stock exchange that the transaction closed on Oct. 1 and marks its entry into Brazil, Latin America’s largest airport market. ASUR is funding the purchase with proceeds from a loan arranged when the deal was announced.

“This transaction represents a fundamental part of ASUR’s growth,” the company said in the filing. “The funds were obtained from a loan agreed upon from the moment the offer was submitted to Motiva.”

Analysts said the acquisition will allow the Mexican company to continue growing despite a volatile environment in the airline industry.

The deal comes as international tourist traffic to Mexico has contracted since May. ASUR, Grupo Aeroportuario del Pacífico (GAP) and Grupo Aeroportuario del Centro Norte (OMA) posted an average 7% decline in international passenger traffic through May, while budget carrier Viva Aerobus saw traffic plunge 20.1% that month.

Industry observers attribute the downturn to airline capacity constraints, high jet fuel prices and weakening demand from the United States to Mexico.

ASUR reported a 10% year-over-year drop in international passenger movements in May, while GAP fell 8.2% and OMA was down 2.8%.

In November 2025, ASUR signed a $936 million agreement to buy the airports from a subsidiary of Brazilian company Motiva, which holds concessions at airports across Latin America and the Caribbean.